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Giving shareholders the full picture

Boards must go beyond mere box-ticking and bring about a cultural change that emphasises shareholder rights, says DAVID GERALD
Monday, October 21, 2013 - 06:00

CORPORATE governance failures can be disastrous. The inglorious Enron and MCI (formerly Worldcom) scandals of the early 2000s resulted in bankruptcies that wiped out US$250 billion of shareholder value. During the 1997 Asian financial crisis, Korean "chaebols" caved in after years of excessive

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